Distributed Ledger Group grows to 37 members after transaction

Rage Comment : Many members of the Post-Trade Distributed Ledger Group have experience in exploring the application of blockchain technology after trading. Last year, this group of banks, clearing houses and exchanges jointly established an alliance to explore blockchain technology in the post-trade field. The alliance-style technology exploration is obviously in line with the world trend. DTCC CEO and Chairman Michael Bodson has written an article calling on people in the post-trade industry to work closely together to create a good unified ecosystem for global technology applications. Sandra Ro, executive director and head of digitalization at CME Group, said that the group's exploration potential is huge, but there are also uncertainties, so it should be treated rationally. This statement echoes the 2016 Consensus Conference.

Translation: Annie_Xu

The Post-Trade Distributed Ledger Group (PTDL) was created last year by banks, clearing houses and exchanges and has now officially begun operations and sorted out its membership and organizational structure.

To date, PTDL has grown to 37 financial institutions as members, with the group committee including CME Group, Euroclear, HSBC, the London Stock Exchange and UniCredit. The list of group members has not yet been announced, but we can confirm that the following companies are members, LCH.Clearnet, Société Générale and UBS.

It is also known that Ernst & Young is advising the group, while Norton Rose Fulbright is providing legal and regulatory guidance.

Sandra Ro

Sandra Ro, executive director and head of digital at CME Group, said the group aims to explore ways that distributed ledger technology can advance the post-trade industry.

However, she also warned that expectations for the group's work should not be too high.

“The potential for blockchain and distributed ledger technology in the post-trade industry is huge, and all the leading development activity is creating excitement, but also uncertainty.”

Ro’s comments echoed those made during a post-transaction panel at Consensus 2016.